Foxconn Preparing Offer for Toshiba Chips | Foxconn, Toshiba, Chip, Offer

Spetember 7th, Foxconn speakersman Louis Woo told the Press that the Company’s offer to acquire Toshiba Chips has been receiving support from Apple, SoftBank and Sharp. Although the details of the offer remains unknown, according to informed sources, Foxconn and its partners are to offer USD18.4 billion for the deal, higher than the price offered by the group formed by Western Digital, Bain Capital and SK Hynix.

Foxconn Moving to the US | Foxconn, Apple, US, China, import tax, Trump


Terry Gou, CEO of Foxconn told the Press that the Company is considering invest in a joint monitor factory in the US, which involves USD7 billion and is to create 30,000-50,000 jobs. Foxconn is also planning a Molding factory in Pennsylvania and move SmartTechnology from Canada to the US. In response to President Trump’s possible 45% import tax on goods from China, Apple’s suppliers are transferring from China to the US. Meanwhile there are over 350 Apple suppliers located in China.